New Zealand Funds Management Limited
Life Cycle - Age 0-54
NZ Funds KiwiSaver SchemeAggressive
What the provider says about this fund
The objective of Life Cycle is to allocate your investment across the three funds (Strategies) in the Scheme based on your age to ensure your investment is allocated in a manner consistent with your investment timeframe. At age 0-54, your investment will be allocated as follows: 5% to the Income Strategy; 10% to the Inflation Strategy; and 85% to the Growth Strategy.
1-year return
7.53%
5-year return p.a.
0.83%
Total annual fee
2.01%
Fund size ($m)
612.6
Members
15,765
Inception date
1 November 2010
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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7
Lower riskHigher risk
Investment mix
Growth assets
92.03%
Income assets
7.97%
| Asset class | Actual | Target | Average for Aggressive funds |
|---|---|---|---|
| Australasian shares | 24.33% | 33.00% | 28.28% |
| Cash and equivalents | 4.17% | 5.00% | 1.31% |
| International bonds | 2.48% | 3.00% | 0.17% |
| International shares | 53.73% | 51.00% | 59.89% |
| Listed property | 2.69% | 5.00% | 8.08% |
| New Zealand bonds | 1.32% | 3.00% | 0.17% |
| Unknown | 0.00% | 0.00% | 0.00% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Goldman Sachs Futures | Cash | Cash and Cash Equivalents | US | 11.57% |
| 2 | Goldman Sachs OTC Derivatives | Cash | Cash and Cash Equivalents | NZ | 5.25% |
| 3 | Westpac Cash | Cash | Cash and Cash Equivalents | NZ | 4.36% |
| 4 | DiDi Global Inc - ADR | Shares | International Equities | CN | 2.39% |
| 5 | Rio Tinto Ltd | Shares | Australasian Equities | AU | 1.86% |
| 6 | Mercury NZ Ltd | Shares | Australasian Equities | NZ | 1.84% |
| 7 | Citibank Hong Kong Cash | Cash | Cash and Cash Equivalents | US | 1.84% |
| 8 | Chorus Ltd | Shares | Australasian Equities | NZ | 1.67% |
| 9 | Citibank New Zealand Cash | Cash | Cash and Cash Equivalents | NZ | 1.64% |
| 10 | Port of Tauranga Ltd | Shares | Australasian Equities | NZ | 1.60% |
Fees
2.01% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Aggressive funds |
|---|---|---|---|
| Management fees | 1.09% | $327 | 0.71% |
| Other fees | 0.82% | $246 | 0.08% |
| Performance fees | 0.00% | $0 | 0.00% |
| Membership fees | 0.10% | $30 | 0.05% |
| Total combined fees | 2.01% | $603 | 0.85% |
Yearly returns
| Year ending | Fund return | Average for Aggressive funds |
|---|---|---|
| 31 March 2017 | 10.52% | 11.18% |
| 31 March 2018 | 5.11% | 6.93% |
| 31 March 2019 | 3.81% | 9.96% |
| 31 March 2020 | -6.03% | -6.59% |
| 31 March 2021 | 75.60% | 35.19% |
| 31 March 2022 | -15.36% | 3.36% |
| 31 March 2023 | -12.55% | -4.50% |
| 31 March 2024 | 21.52% | 16.43% |
| 31 March 2025 | -0.84% | 4.58% |
| 31 March 2026 | 7.53% | 12.72% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| John Cobb | Chair of the Investment Governance Committee and a Director | 3 years, 4 months |
| Mark Brooks | Chief Investment Officer and a Principal | 2 years, 1 month |
| Michael Lang | Chief Executive and a Director | 7 years, 6 months |